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u/DeepFuckingValue and the GameStop Reddit mania

wsj.com

11–20 of 554 posts

Re: u/DeepFuckingValue and the GameStop Reddit mania

#12

not really an interview. It wasn't clear they even talked to him at all? [EDIT: ok, they did talk to him, but this still isn't what most publications would call "an interview" ]

“This story is so much bigger than me,” Mr. Gill told The Wall Street Journal in his first interview since the unboxing this week of a volatile new stock-market game. “I support these retail investors, their ability to make a statement.”

Re: u/DeepFuckingValue and the GameStop Reddit mania

#14
This is one of the very, very few positive stories about how powerful the Internet can be to the masses. Keith is no different from Jim Kramer yelling on CNBC to buy some stock and watching it spike because their boomer audience raced to their landline phones and told their financial advisors to invest. It's just at a much faster pace, and old media is scared shitless of it, so they endlessly denigrate the people involved and call for daddy government to stop it.

Unfortunately I don't think it's going to end well for retail investors.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#15

not really an interview. It wasn't clear they even talked to him at all? [EDIT: ok, they did talk to him, but this still isn't what most publications would call "an interview" ]

Ok, I've taken 'interview' out of the title above. Not necessary really.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#17
I like Matt Levine's comment " The guy behind one of the greatest trades of our time was giving out financial advice for MassMutual, and somehow they let him go."

edit I missed the best part of the quote "I hope he showed up at client meetings in a headband and sunglasses with a glass of champagne in one hand and a chicken tender in the other. I hope he was like “never mind life insurance, man, you gotta buy GameStop calls! Get those tendies!” And then I hope the clients were like “what” and MassMutual fired him and he just went and did the thing. "

https://www.bloomberg.com/opinion/articles/2021-01-29/reddit...

Re: u/DeepFuckingValue and the GameStop Reddit mania

#18
post #17

I like Matt Levine's comment " The guy behind one of the greatest trades of our time was giving out financial advice for MassMutual, and somehow they let him go." edit I missed the best part of the quote "I hope he showed up at client meetings in a headband and sunglasses with a glass of champagne in one hand and a chicken tender in the other. I hope he was like “never mind life insurance, man, you gotta buy GameStop…

Really helps discredit this notion of retail vs hedge fund. Most people who frequently make “DD” posts to r/wsb have ties to the financial industry and Wall Street. They either work there or have worked there. And yet they are critical of the Man? This is like ex-Facebook employees having a found-Jesus moment.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#19
post #17

I like Matt Levine's comment " The guy behind one of the greatest trades of our time was giving out financial advice for MassMutual, and somehow they let him go." edit I missed the best part of the quote "I hope he showed up at client meetings in a headband and sunglasses with a glass of champagne in one hand and a chicken tender in the other. I hope he was like “never mind life insurance, man, you gotta buy GameStop…

Really helps discredit this notion of retail vs hedge fund. Most people who frequently make “DD” posts to r/wsb have ties to the financial industry and Wall Street. They either work there or have worked there. And yet they are critical of the Man? This is like ex-Facebook employees having a found-Jesus moment.

Some folks have no choice but to bootstrap at The Man. There’s no startup accelerator for starting your own fund.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#20

Earlier quoted context omitted.

Really helps discredit this notion of retail vs hedge fund. Most people who frequently make “DD” posts to r/wsb have ties to the financial industry and Wall Street. They either work there or have worked there. And yet they are critical of the Man? This is like ex-Facebook employees having a found-Jesus moment.

Some folks have no choice but to bootstrap at The Man. There’s no startup accelerator for starting your own fund.

Yes, my comment was harsh. I am happy for the guy, really, especially as a Bostonian.
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